Cold wallet｜The safest and safest way to store cryptocurrency

 

Generally, there are hot wallets and cold wallets in general cryptocurrency wallets. Today I will introduce you to a safer and safer cold wallet for storing cryptocurrency.

What is a cold wallet?
Hardware wallet
Paper wallet

A cold wallet is a cryptocurrency wallet that is not connected to the Internet and stores the private key in an offline state. Cold wallets are a safer way to store cryptocurrency. If used properly, there is almost no chance of cryptocurrency assets being stolen.

The two main types of cold wallet storage methods are hardware wallets and paper wallets:

A hardware wallet is a storage device, similar to a USB or external hard disk, specifically used to store the private key of encrypted currency offline. Ledger, Trezor, KeepKey, CoolWallet and so is the most popular hardware wallet.

Hardware wallets have various built-in security functions to protect investors’ cryptocurrency. Wired or Bluetooth connection devices are generally used to transmit private keys. This has higher security and can facilitate the management of cryptocurrency assets, just like carrying a very thin and small The safe is by your side, and you can confirm your assets anytime, anywhere.

However, hardware wallets need to be purchased additionally. The price generally falls between 3,000 to 5,000 Taiwan dollars, which is considered an additional cost. However, if the cryptocurrency assets are large, it is strongly recommended to purchase a hardware wallet for peace of mind.

Further reading: [Tool Teaching] MIT makes a safe and convenient hardware wallet-CoolWallet S

Although there are additional expenditures, in terms of overall security and convenience, hardware wallets are above the standard. Therefore, it is suitable for investors who need to store a large number of cryptocurrency assets and prefer easy operation.

As the name suggests, a paper wallet is a wallet made of paper. The private key can be printed out or written on paper. The most attractive aspect of a paper wallet is that a piece of paper cannot be attacked by hackers. To steal cryptocurrency from a paper wallet, you must own a paper wallet.

The disadvantage of paper wallets is that they are more troublesome to use. Before generating a set of wallet keys, users must import the code into their computer and disconnect from the Internet. If it is determined that the computer is not compromised and the trusted wallet generation software is used, the paper wallet can be encrypted as A safer method of currency storage.

Paper wallets are the wallets most unlikely to be invaded by the outside world, so they are most suitable for risk-averse investors who deposit large amounts of cryptocurrency assets.